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Game Day Hero [4152]
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No taxes for anybody who makes under $150k
Mar 14, 2025, 2:37 PM
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Will Trump pull it off?
Greatest president in history if he does no doubt.
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Orange Phenom [14456]
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Ridiculous
Mar 14, 2025, 2:44 PM
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We are trillions in debt
Everyone needs an oar, and Congress should start cutting
Message was edited by: MSYNAN®
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Tiger Spirit [9595]
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Re: Ridiculous
Mar 14, 2025, 2:59 PM
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So the half of Americans who currently pay zero federal income taxes should get a tax increase? Not saying i necessarily disagree but not exactly a sound strategy politically.
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Orange Phenom [14456]
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Correct
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Mar 14, 2025, 3:00 PM
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The right thing to do, not a sound (in fact an awful) political strategy
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Valley Legend [12431]
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Doing what's right for the country in the long run is definitely a poor
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Mar 14, 2025, 3:25 PM
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political strategy. That's why we're where we are now ($36+ trillion in debt)
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Clemson Icon [24158]
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Re: Ridiculous
Mar 15, 2025, 10:45 AM
[ in reply to Re: Ridiculous ] |
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The bottom 50% of Americans own 2.5% of the wealth and pay 3% of federal income taxes. Seems fair enough.
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Orange Immortal [67936]
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Why on earth would he do that?***
Mar 14, 2025, 2:44 PM
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Campus Hero [13679]
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Re: Why on earth would he do that?***
Mar 14, 2025, 3:03 PM
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if he keeps cutting gubmint, and only fund the military, it is possible
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Orange Immortal [67936]
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But it sounds like only the wealthiest Americans would pay taxes
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Mar 14, 2025, 4:21 PM
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(even more so than today), and Trump hates poor people, so why would he do anything to benefit them?
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Clemson Icon [24158]
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Re: But it sounds like only the wealthiest Americans would pay taxes
Mar 15, 2025, 10:43 AM
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Poor people don't really pay federal income taxes. Assuming he wants to replace that tax revenue with tariffs, poor people would actually end up paying more. It would be a tax cut for people making 6 figures at the expense of people who are barely getting by.
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Clemson Icon [24158]
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Re: Why on earth would he do that?***
Mar 15, 2025, 11:13 AM
[ in reply to Re: Why on earth would he do that?*** ] |
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It's completely unrealistic without raising taxes somewhere else. He said he isn't cutting Medicare or Social Security. The budget bill that House Republicans passed increases military spending. Maybe he thinks tariffs or higher sales taxes can make up the difference. Most people would end up paying more in overall taxes in that scenario. So far he has made no significant cuts to government spending.
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Orange Phenom [14958]
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BS that he would never be able to accomplish. Sounds great and his
Mar 14, 2025, 2:54 PM
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monkey followers will jump up and down about it. The reality is it’s less likely that Canada becoming a state or buying Greenland.
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All-TigerNet [5882]
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He will never do it because the only way to offset it would be to
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Mar 14, 2025, 3:05 PM
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increase the taxes on the richest 5% of taxpayers which is the absolute opposite of what he's trying to do.
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Clemson Icon [24158]
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Re: He will never do it because the only way to offset it would be to
Mar 15, 2025, 11:45 AM
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Either that or with tariffs and maybe a federal sales tax, which would effectively be a tax increase for most people.
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CU Medallion [20614]
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Re: No taxes for anybody who makes under $150k
Mar 14, 2025, 4:08 PM
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Trump's and Lutnick's paraphrased words, it's going to be considered when there is a balanced budget.
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Solid Orange [1343]
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Re: No taxes for anybody who makes under $150k
Mar 14, 2025, 8:38 PM
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Actually it's more likely with the current admin and congress that those with incomes over that amount will pay no taxes.
Sad but true.
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Top TigerNet [31000]
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Re: No taxes for anybody who makes under $150k
Mar 14, 2025, 8:45 PM
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Is that what he said?
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Game Day Hero [4152]
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National Champion [7560]
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Cool, so then only the middle class will pay taxes. Neat.***
Mar 15, 2025, 9:35 AM
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Clemson Icon [24158]
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76% of US households made less than $150k in 2023
Mar 15, 2025, 11:04 AM
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and 90% of individuals made less than $150k.
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All-TigerNet [5882]
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Which is why this will never happen***
Mar 15, 2025, 11:31 AM
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National Champion [7560]
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So then only the UPPER middle class will pay taxes.
Mar 15, 2025, 11:49 AM
[ in reply to Cool, so then only the middle class will pay taxes. Neat.*** ] |
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An even smaller percentage of Americans.
Wages low, inflation high, GDP possibly contracting into a recession.... so glad Trump is making us "rich" again.
He's a freaking snake oil salesman.
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Top TigerNet [31000]
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Re: No taxes for anybody who makes under $150k
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Mar 15, 2025, 11:05 AM
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It will never happen. That's why he says it.
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